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Changes in Industrial Structure

Published online by Cambridge University Press:  26 March 2020

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Extract

In the second half of last year the Central Statistical Office introduced 1980 prices and weights in the calculation of national and industrial production, replacing the earlier 1975-based system. A comparison of the new with the old data reveals certain changes in the structure of the UK economy and industry. This note analyses some of these, concentrating on the period since 1975. A somewhat similar analysis covering the preceding twenty years was published in an earlier Review.

Type
Articles
Information
National Institute Economic Review , Volume 107 , February 1984 , pp. 50 - 53
Copyright
Copyright © 1984 National Institute of Economic and Social Research

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Footnotes

(1)

This note was written by George F. Ray of the National Institute.

References

note 2 in page 50 G. F. Ray, ‘Structural changes in the economy, 1956-1978’, National Institute Economic Review, no 89, August 1979, pp 38-43.

note 1 in page 52 For more detailed discussion, see M. J. G. Lockyer, ‘Rebasing and reclassifying the national accounts and the likely effects’, Economic Trends, March 1983, pp 104-107; J. A. Perry, ‘The rebased estimates of the index of the output of the production industries’, Economic Trends, October 1983, pp. 138-147.

note 2 in page 52 The 1975 weights in table 4 are based on the Standard In dustrial Classification that was valid in that year, whilst the 1980 weights follow SIC 1980. The introduction of the latter affects a few branches of industry only and in most cases in a minor or marginal way. For details and a scheme of reconciliation beween SIC 1980 and its predecessor, see the two articles in Economic Trends, March 1983: Introduction of the revised standard industrial classification 1980, CSO, pp 97-99, and J. Perry, Index of in dustrial production—rebasing and reclassification, pp. 100-103.

note 3 in page 52 The method of calculation was

note 1 in page 53 Details of the recent developments of industrial production were discussed in the November 1983 issue of this Review, pp. 49-55; see also pp. 16-17 in this issue.